About Senco Gold IPO
Incorporated in 1994, Senco Gold Limited is a pan-India gold and diamond jewellery retailer. Under its brand name, Senco Gold and Diamonds, the company offers a diverse jewellery collection, including gold jewellery, diamond jewellery, platinum jewellery and studded jewellery of various forms. These ornaments are offered across multiple price points ranging from ₹ 2,000 to ₹ 500,000 to maximise customer base.
It is one of the largest organised jewellery retail players in the eastern region of India. As on 31 March 2023, the company has 136 showrooms across 13 states, including 61 franchisee showrooms and an online platform.
Senco offers more than 1,20,000 designs for gold and 69,000 designs for diamond jewellery. The jewellery is designed by its team of 20 in-house designers and manufactured by over 170 karigars in Kolkata, West Bengal and other parts.
Its manufacturing facility is located in Howrah, West Bengal. It had 2,138 employees as of 31 March, 2023 and its jewellery are exported to Dubai, Malaysia and Singapore.
The company operates in the Indian gems and jewellery market, which accounted for approximately ₹ 4,700 billion in FY23, with gold jewellery dominating the overall market with a 66% share.
And now, Senco Gold Limited is coming out with its initial public offer (IPO). The IPO will be an offer for sale as well as a fresh issue, the proceeds from which will be utilised for funding working capital requirements and general corporate purposes.
Here are key details about the Senco Gold IPO:
Here’s a quick look at Senco Gold IPO’s strengths, weakness, opportunities and risks (SWOT analysis)
Strengths and opportunities
Risks and threats
Senco Gold IPO details
| Senco Gold IPO date
The company has filed its Draft Red Herring Prospectus with the market regulator SEBI. The offer document filed by the company with the SEBI mentions that the Senco Gold IPO’s opening date – in other words, the Senco Gold IPO launch date – will be 4th July 2023. The Senco Gold IPO closing date is 6th July 2023. After this, investors will be updated about the allotment status on 11th July 2023.
Investors, who have been allotted shares, can expect them to be credited to their demat account on 13th July 2023. The Senco Gold IPO listing date is 14th July 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.
| Senco Gold IPO Price Band
The entire IPO is a book-built issue. The Senco Gold IPO price band has been set between ₹301 and ₹317 per share. Interested investors can choose a price within this band to apply for the IPO.
The Senco Gold IPO listing price will be determined on 14th July 2023. The listing price is the price at which a company’s shares debut on the stock exchanges.
| Senco Gold IPO Lot size
The Senco Gold IPO details have been declared. The Senco Gold IPO lot size is set at 47 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the Senco Gold IPO issue size is approx ₹405 crore.
How to pre-apply for the Senco Gold IPO?
You can pre-apply for the Senco Gold IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription.
Follow these steps to pre-apply for the IPO:
How to apply for the Senco Gold IPO?
If you are interested in this investment opportunity but unsure how to apply for the Senco Gold IPO, here we are listing out the steps for you.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Senco Gold IPO on Upstox:
How to check the Senco Gold IPO allotment status?
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes.
Here’s a step-by-step guide on how to check the Senco Gold IPO allotment status:
Open a demat account with Upstox to apply for the Senco Gold IPO
To apply for the Senco Gold IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
Upstox – trading app to apply for the Senco Gold IPO
Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.
You can apply for the Senco Gold IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.
Pre-applying for the Senco Gold IPO means applying for this public issue before it goes live. Click here to pre-apply for the Senco Gold IPO on Upstox.
You can pre-apply for the Senco Gold IPO from July 2023. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Senco Gold IPO opens for the subscription.
The Senco Gold IPO launch date is 4th July 2023. The Senco Gold IPO will be open for subscription till 6th July 2023.
The Senco Gold lot size is 47 shares and the minimum investment required is ₹14,147.
The Senco Gold IPO price band is ₹301 – ₹317 per share.
The size of the Senco Gold IPO is approx. ₹405 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 13th July 2023.
Senco Gold shares will be on NSE and BSE.
Senco Gold shares’ listing date is 14th July 2023.